Why are the accounts additions and deductions used in place of revenues and expenses in a governments

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Why are the accounts additions and deductions used in place of revenues and expenses in a government’s statement of changes in fiduciary net position?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Jan 11, 2014 09:26 AM

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Why are the accounts additions and deductions used in place of revenues and expenses in a governments

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As explained in Chapter 2 fiduciary fund resources belong to external partie...View the full answer

Accounting for Governmental and Nonprofit Entities

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